15 Best Spanish Brokers & trading Platforms for 2020

Spain is known as one of the most important financial powerhouses of the European Union. Spanish brokers are well regulated by regulatory bodies in the Spain.

Spain is a large country with a sizeable financial market due to a high population. Spain is a desirable destination for many stock, Forex, CFD and commodity traders who make full use of brokerages in Spain.

National Securities Market Commission (CNMV) regulates the financial and securities markets of this European country. It implements tough policies and guidelines on exchanges, institutions and Spanish brokers. The CNMV aims to promote a stable financial market in Spain.

Trading with Spanish Brokers

If you are new to the Spanish financial markets, it is suggested to open multiple demo accounts with multiple brokers. This will help you to get experience without risking your money.

Most Spain brokers offer demo accounts allowing you to practice with trading with pretend money. Once you gain experience opening and closing positions successfully, you can then open live accounts with which you can trade using your real money.

If the broker you choose is based in Spain, they will be regulated under the CMNV.

If a broker does not have a presence in Spain check whether they are well regulated by authorities in other major EU countries like the UK and Germany.

Its natural to have need for customer services at some point. Check that the Spanish brokers have a proper communication channel to serve clients with solutions to problems. Spanish brokers should be able to communicate with you in your language.

Make sure that the Spanish brokers you trade with keep your deposited funds segregated with their own. This means if the brokerage goes bankrupt they do not have access to your funds. If your broker is regulated you have a level of protection in getting your deposited money back.

Spain Trading Advantages

The Spanish economy is one of the largest in the European Union and in 2017 its GDP reached $1.314 trillion. Traders find the country an important and fruitful destination to build wealth. The opportunities here include major infrastructure projects.

Lately, Spain has reformed its labor laws as well as the financial sector. The cost of doing business now has become less costly. Moreover, doing business in Spain means opening similar possibilities in countries like Latin America and the Caribbean as Spanish is the most spoken language there.

World Bank has ranked Spain 19th in resolving insolvencies and 23rd in enforcing contracts. In terms of ease of doing business the country is placed in 30th position.

Spain Trading Challenges

The closest trading partners of Spain are Germany, Italy, France, the United Kingdom and Portugal.

UK is scheduled to exit the EU soon and this can impact the Spanish exports. Moreover, Spain's dependency on oil and value added goods imports has resulted in negative balance of trade.

Apart from all this, trade wars and trade tariffs of trading partners could adversely affect the Spanish economy.

World Bank has ranked the country 86th in terms of starting a business and 78th for dealing with construction permits. Obtaining credit in Spain and registering property can be difficult in Spain in comparison to some large economies in the EU.

Spanish Brokers Verdict

Spain is a good trading country and Spain brokers are well regulated in the country and also by the MiFID of EU. The financial markets are stable.

Traders from across the world find Spanish stocks, Forex, CFD and commodity markets fruitful and a great path to build wealth.

Spain and its capital Madrid has been a financial center in Europe for over a hundred years.

Spain also known as España Or Kingdom of Spain Reino de España has a number of established reputable financial markets.

The main securities markets in Spain include the Bolsa de Madrid which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

Restructuring and deregulation has transformed the financial sector in Spain over the last 30 years with important changes in the Bolsa de Madrid, insurance, banking, shipping, and commodity markets.

We've collected thousands of datapoints and written a guide to help you find the best Brokers for Traders in Spain for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best spanish brokers below. You can go straight to the broker list here.

Trading in Spain

When trading in Spain you will need to know what your options with your Spain trading broker are.

We list below the trading account types available in Spain. If you are looking for brokers in Spain that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this Spain broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Spain

Forex trading is growing in popularity in Spain. The volume of Forex traded in Spain has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in Spain and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Spain?

Their is a misconception that trading Forex on the financial market in Spain is considered unsafe. This is not the case, Forex trading in Spain is very active.

Trading in Forex is allowed in Spain as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Spain Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Spain?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Spain the trader should make sure all taxes owed for a financial year are paid. Spain taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Spain. You should seek advice with a Spain tax professional to ensure they are abiding by all proper tax laws in Spain. In Spain Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Spain

Cryptocurrency markets in Spain are relatively new. Because Cryptocurrency works on decentralised assets in Spain things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Spain for example.

Due to a large young population in Spain with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Spain. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Spain

In Spain commodity trading includes the trade in precious metals, energies and agricultural commodities.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Spain are able to take advantage of this demand.

Islamic Accounts in Spain

Spain brokers support Islamic accounts or swap-free accounts. Spain Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Spain offer accounts that are suitable for Islamic traders. These Spain brokers complies with Sharia law.

Benefits of Trading in Spain

Spain economy and population is growing. The middle class population in Spain is increasing which means a growing consumer base. Many business and financial opportunities exist in Spain. Spain has a young population educated in technology and the internet.

Concerns of Trading in Spain

Spain digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Spain guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Spain Brokers offering high leverage trades in Spain can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Spain brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Spanish Brokers Checklist

There are a number of important factors to consider when picking an online Spanish trading brokerage.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Spanish broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Spanish Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Spanish Brokers of 2020 compared

Compare Spanish Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

You can scroll left and right on the comparison table below to see more spanish brokers that accept spanish clients

All Spanish brokers in more detail

You can compare Spanish Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

eToro

★★★★☆ (4/5)

Min deposit : 200
eToro offers CFDs, Social Trading
eToro was established in 2006 and is used by over 12000000+ traders.

Visit eToro Try a Demo Read review

62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Broker	eToro	XTB	IC Markets	Trading212	Pepperstone	Plus500	FXPrimus	EasyMarkets	Roboforex	FP Markets	XM	ThinkMarkets	HY Markets	City Index	AvaTrade	Forex.com
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★☆☆	★★★★☆
locality	eToro accept Spanish clients	XTB accept Spanish clients	IC Markets accept Spanish clients	Trading 212 accept Spanish clients	Pepperstone accept Spanish clients	Plus500 accept Spanish clients	FXPrimus accept Spanish clients	EasyMarkets accept Spanish clients	Roboforex accept Spanish clients	FP Markets accept Spanish clients	XM accept Spanish clients	ThinkMarkets accept Spanish clients	HYCM accept Spanish clients	City Index accept Spanish clients	AvaTrade accept Spanish clients	Forex.com accept Spanish clients
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14	Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)	Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)	Cyprus Securities and Exchange Commission (CySEC)	Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)	Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)	Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
Min Deposit	200	No minimum deposit	200	1	200	100	100	1	1	100	5	250	100	25	250	500
Funding	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal
Used By	12,000,000+	250,000+	60,000+	14,000,000+	10,000+	15,500+	10,000+	10,000+	10,000+	10,000+	70,000+	10,000+	10,000+	14,000+	200,000+	40,000+
Benefits	Offers STP Low min deposit	Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit	Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit	Allows scalping Allows hedging Offers STP Guaranteed stop loss Offers Negative Balance Protection
Accounts	Demo account Micro account Mini account Standard account Islamic account	Pro account Demo account Micro account Mini account Standard account Islamic account	Demo account Mini account Standard account Zero spread account Raw Spread account Islamic account	Demo account	Demo account Mini account Standard account ECN account Islamic account	Demo account Standard account Islamic account	Demo account Micro account Mini account Standard account ECN account Managed account Islamic account	Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Mini account Standard account ECN account Managed account Islamic account	Demo account Micro account Mini account Standard account Zero spread account Islamic account	Demo account Mini account Standard account ECN account Islamic account	Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Mini account Standard account Managed account	Demo account Micro account Mini account Standard account Islamic account	Demo account Mini account Standard account ECN account Islamic account
Spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	MT4, Mac, Web Trader, Tablet & Mobile apps	MT4, Tablet & Mobile apps	MT4, Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps	MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Learn More	Sign Up with eToro	Sign Up with XTB	Sign Up with IC Markets	Sign Up with Trading 212	Sign Up with Pepperstone	Sign Up with Plus500	Sign Up with FXPrimus	Sign Up with EasyMarkets	Sign Up with Roboforex	Sign Up with FP Markets	Sign Up with XM	Sign Up with ThinkMarkets	Sign Up with HYCM	Sign Up with City Index	Sign Up with AvaTrade	Sign Up with Forex.com
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	76.4% of retail CFD accounts lose money	Losses can exceed deposits	Your capital is at risk	Losses can exceed deposits	Losses can exceed deposits	Your capital is at risk	Losses can exceed deposits	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	Losses can exceed deposits	69% of retail investor accounts lose money when trading CFDs with this provider
Demo	eToro Demo	XTB Demo	IC Markets Demo	Trading 212 Demo	Pepperstone Demo	Plus500 Demo	FXPrimus Demo	EasyMarkets Demo	Roboforex Demo	FP Markets Demo	XM Demo	ThinkMarkets Demo	HYCM Demo	City Index Demo	AvaTrade Demo	Forex.com Demo
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	US, IN, PK, BD, NG , ID, BE	AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA	US	KR, IR, IQ, SY, JP, US	BE, US, CA, CN, ID, PH	AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.	US	US, JP	US, JP, NZ	US, CA, IL, BE, KR, IR, MM, CU, SD, SY	AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW	US	US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW	BE, BR, KP, NZ, TR, US, CA, SG	BE

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

XTB

★★★★☆ (4/5)

Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 250000+ traders.

Visit XTB Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego

IC Markets

★★★★☆ (4/5)

Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 60000+ traders.

Visit IC Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

Trading212

★★★★☆ (4/5)

Min deposit : 1
Trading 212 offers Stocks, Forex, Commodities, Indices
Trading 212 was established in 2006 and is used by over 14000000+ traders.

Visit Trading 212 Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 10000+ traders.

Visit Pepperstone Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Plus500

★★★★☆ (4/5)

Min deposit : 100
Plus500 offers CFDs
Plus500 was established in 2008 and is used by over 15500+ traders.

Visit Plus500 Try a Demo Read review

76.4% of retail CFD accounts lose money

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14

FXPrimus

★★★★☆ (4/5)

Min deposit : 100
FXPrimus offers Forex, Social Trading
FXPrimus was established in 2009 and is used by over 10000+ traders.

Visit FXPrimus Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 1
EasyMarkets offers Forex, CFDs
EasyMarkets was established in 2003 and is used by over 10000+ traders.

Visit EasyMarkets Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

Roboforex

★★★★☆ (4/5)

Min deposit : 1
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 10000+ traders.

Visit Roboforex Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC)

FP Markets

★★★★☆ (4/5)

Min deposit : 100
FP Markets offers Forex
FP Markets was established in 2005 and is used by over 10000+ traders.

Visit FP Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)

★★★★☆ (4/5)

Min deposit : 5
XM offers Forex, CFDs
XM was established in 2009 and is used by over 70000+ traders.

Visit XM Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

ThinkMarkets

★★★★☆ (4/5)

Min deposit : 250
ThinkMarkets offers Forex, CFDs
ThinkMarkets was established in 2010 and is used by over 10000+ traders.

Visit ThinkMarkets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

HY Markets

★★★★☆ (4/5)

Min deposit : 100
HYCM offers Forex, CFDs
HYCM was established in 1977 and is used by over 10000+ traders.

Visit HYCM Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048

City Index

★★★★☆ (4/5)

Min deposit : 25
City Index offers Forex, CFDs, Spread Betting
City Index was established in 1983 and is used by over 14000+ traders.

Visit City Index Try a Demo Read review

71% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)

AvaTrade

★★★☆☆ (3/5)

Min deposit : 250
AvaTrade offers Forex, CFDs, Spread Betting, Social Trading
AvaTrade was established in 2006 and is used by over 200000+ traders.

Visit AvaTrade Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)

Forex.com

★★★★☆ (4/5)

Min deposit : 500
Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies
Forex.com was established in 1999 and is used by over 40000+ traders.

Visit Forex.com Try a Demo Read review

69% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) 

OctaFX

★★★★☆ (4/5)

Min deposit : 5
OctaFX offers Forex
OctaFX was established in 2011 and is used by over 30000+ traders.

Visit OctaFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

NordFX

★★★★☆ (4/5)

Min deposit : 1
NordFX offers Forex
NordFX was established in 2008 and is used by over 10000+ traders.

Visit NordFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

FXPro

★★★★☆ (4/5)

Min deposit : 100
FXPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies
FXPro was established in 2006 and is used by over 10000+ traders.

Visit FXPro Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) 

Admiral

★★★★☆ (4/5)

Min deposit : 200
Admiral Markets offers Forex, CFDs
Admiral Markets was established in 2001 and is used by over 10000+ traders.

Visit Admiral Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

Axitrader

★★★★☆ (4/5)

Min deposit : 0
Axitrader offers Forex, CFDs, Social Trading
Axitrader was established in 2007 and is used by over 10000+ traders.

Visit Axitrader Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)

SpreadEx

★★★★☆ (4/5)

Min deposit : 1
SpreadEx offers Forex, CFDs, and spread betting
SpreadEx was established in 1999 and is used by over 10000+ traders.

Visit SpreadEx Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

Swissquote

★★★★☆ (4/5)

Min deposit : 1000
Swissquote offers Forex, Social Trading
Swissquote was established in 1999 and is used by over 300000+ traders.

Visit Swissquote Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

Markets.com

★★★★☆ (4/5)

Min deposit : 100
Markets.com offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers
Markets.com was established in 2008 and is used by over 10000+ traders.

Visit Markets.com Try a Demo Read review

84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Top Brokers for Traders in Spain for 2020 Review by Andrew Blumer last updated on April 05, 2020

Spanish Brokers Table of Contents

Financial Markets in Spain
Online Trading in Spain
Forex Trading in Spain
Is Forex Trading Legal in Spain
Do Forex Traders Pay Tax in Spain
Cryptocurrencies in Spain
Commodity Trading in Spain
Islamic Accounts in Spain
Benefits of Trading in Spain
Concerns of Trading in Spain
Spanish Brokers Explained
6 Factors to Consider when Choosing Spanish Brokers

Are Your Spanish Brokers Trusted And Established?
Are The Spanish Brokers World Leading?
What are the Spanish Brokers Commissions and Fees?
What are the Spanish Brokers Funding and Withdrawl Methods?
Find Spanish Brokers with Round-the-clock support?
Make sure the Spanish Brokers Offer Comprehensive Trader resources?
Why do Spanish Brokers need to be regulated?

Spanish Brokers FAQ

What are the best Spanish brokers?
What is the best Spanish broker?
Is Forex Trading Legal in Spain?
Do Forex Traders Pay Tax in Spain?
How do you trade Forex or CFDs in Spain?

Related Spanish Brokers Reviews
Related Spanish Brokers Alternatives
Related Spanish Brokers Comparisons

Spanish Brokers Explained

Trading the financial markets with Spanish Brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Spanish Brokers is the platform that a Spanish Brokers offer.

Choose Spanish Brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Spanish Brokers that you can rely on.

6 Factors to Consider when Choosing Spanish Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Spanish Brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Spanish broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another top rated broker is XTB.

XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	XTB	IC Markets	Trading212
Year Established	2006	2002	2007	2006
Head Office	Cyprus, UK	Poland	Australia	UK
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By	12,000,000+	250,000+	60,000+	14,000,000+
Negative balance protection	No	Yes	Yes	Yes
Guaranteed Stop Loss	No	Yes	No	Yes
Learn More	Visit eToro	Visit XTB	Visit IC Markets	Visit Trading 212
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Are The Spanish Brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for Spanish Brokers is XTB . XTB Segregates clients funds and offers over 1,500 instruments.

Broker	eToro	XTB	IC Markets	Trading212
Instruments Available	100	1,500	232	3000
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	Web Trader, Tablet & Mobile apps
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US	US
Forex pairs offered	50	50	65	177
Forex pairs offered	50	50	65	177
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	Yes
Commodities Offered	0	21	19	14
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	Yes
Stocks Offered	957	1696	100	1731
UK Shares	Yes	Yes	No	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes

What are the Spanish Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Spanish broker eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.

Another top rated Spanish broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.

Broker	eToro	XTB	IC Markets	Trading212
Min Deposit	200	0	200	1
Withdrawl Fees	Yes	varies	No	No
Inactivity Fees	Yes	No	No	No
Deposit Fees	No	No	Varies	No
CFD Commission Fees	No	Yes	Yes	No

What are the Spanish Brokers Funding and Withdrawal Methods?

When dealing with Spanish Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	XTB	IC Markets	Trading212
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	Yes		No
Neteller	Yes	Yes	Yes	No

Find Spanish Brokers with Round-the-clock support?

Customer service is very important when dealing with Spanish Brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Spanish Brokers customer support can include Phone answering services, Live chat support and Email customer service support.

eToro support a wide range of languages including English, German, Spanish, French, and Italian

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	XTB	IC Markets	Trading212
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More	Visit eToro	Visit XTB	Visit IC Markets	Visit Trading 212
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Make sure the Spanish Brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and XTB work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do Spanish Brokers need to be regulated?

A regulated Spanish broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Spanish brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

Spanish Brokers FAQ

What are the best Spanish brokers?

The best Spanish brokers that are regulated are

What is the best Spanish broker?

The best Spanish broker is eToro. We consider eToro one of the best Spanish brokers because eToro is actively used by over 12000000 active traders. eToro ia regulated by tier 1 financial regulators including Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). eToro were founded in 2006 and have a headquarters in Cyprus, UK. You can open a live trading account with eToro with as little as a 200 min deposit.

Is Forex Trading Legal in Spain?

Their is a misconception that trading Forex on the financial market in Spain is considered unsafe. This is not the case, Forex trading in Spain is very active. Trading in Forex is allowed in Spain as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Spain Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Spain?

Once a traders profits reach a level where the trading income can be taxed in Spain, the trader should make sure all taxes owed for a financial year are paid. Spain taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper Spain government agency. You should seek advice with a Spain tax professional to ensure they are abiding by all proper tax laws in Spain.

How do you trade Forex or CFDs in Spain?

If you are looking to trade Forex or CFDs on the financial markets in Spain you will need to find a reputable broker that is regulated. The best online broker for Forex or CFD trading in Spain is eToro. eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and offers CFDs, Social Trading trading. You can open a live account with a min deposit of 200.

Best Spanish Brokers Guide

Spanish Financial Markets

Spanish Brokers

Trading with Spanish Brokers

Spain Trading Advantages

Spain Trading Challenges

Spanish Brokers Verdict

Trading in Spain

Forex Trading in Spain

Is Forex Trading Legal in Spain?

Do Forex Traders Pay Tax in Spain?

Cryptocurrencies in Spain

Commodity Trading in Spain

Islamic Accounts in Spain

Benefits of Trading in Spain

Concerns of Trading in Spain

Reputable Spanish Brokers Checklist

Our brokerage comparison table below allows you to compare the below features for brokers offering Spanish Brokers.

Top 15 Spanish Brokers of 2020 compared

All Spanish brokers in more detail

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